Is gift deed option for Proof of fund is safe ?
- Thread starter Bhoomi12
- Start date
What additional documents can be asked by CiC in case a major portion of funds is through gift deed from wife's brother if funds are transferred to joint account with wife. Primary applicant is husband and wife is accompanyingWhat percentage of your funds were from gift deed? I am guessing this may happen when your significant portion of funds are from gift deed.
Hello all,
I am having doubt regarding my PoF
I am the primary applicant and I recently received ITA. My husband, who is accompanying me, has liquidated all the money he had in mutual funds to use as PoF last week. However, It may be difficult to get statements as he has been saving for last 10 years in multiple shares.
1. Can he give me that money as gift deed? I am planning to make FD and show as PoF.
2. Do I have to provide proof of source of money in my spouse’s account? (Mutual funds withdrawal statements and husband’s bank account statement)?
3. Or is it better for my husband to give all money to my father and my father giving me gift deed instead. FD will be made with that.
I am having doubt regarding my PoF
I am the primary applicant and I recently received ITA. My husband, who is accompanying me, has liquidated all the money he had in mutual funds to use as PoF last week. However, It may be difficult to get statements as he has been saving for last 10 years in multiple shares.
1. Can he give me that money as gift deed? I am planning to make FD and show as PoF.
2. Do I have to provide proof of source of money in my spouse’s account? (Mutual funds withdrawal statements and husband’s bank account statement)?
3. Or is it better for my husband to give all money to my father and my father giving me gift deed instead. FD will be made with that.
@Gbemfe How did you proceed with this. I am also in same situation while my father resides in India and my current residence is USA.Hello,
I have a question pls. My sister is gifting me the POF. Do I need to attach her statement of accounts? Also can the money be sent from her corporate account, or it must be from a personal account?
Thank you
AINP doesn't require POF for the nomination process. You'll only need it after you have received the nomination in order to apply to the federal.Does AINP accepts gift deed as pof . Please help me to solve this query
Thank you so much for the reply. So i need to show pof when i apply to federal.AINP doesn't require POF for the nomination process. You'll only need it after you have received the nomination in order to apply to the federal.
Is gift deed accepted from parents? And can we show the whole amount as gift deed??
Hoping for a reply @Mike2019
Yes, your parents are the most appropriate for a gift deed.Thank you so much for the reply. So i need to show pof when i apply to federal.
Is gift deed accepted from parents? And can we show the whole amount as gift deed??
Hoping for a reply @Mike2019
Yes, the whole amount can be a gift deed from your parents.
This is what I have done and my application is progressing nicely.
What is a ITAHey folks! a quick question about when to get a gift deed. i received a gift from my parents but this was after I received my ITA. Would the fact that i disclosed I have sufficient funds to meet the minimum threshold on the EE application before receiving the ITA count as misrepresentation? Anyone who has got a gift deed done after receiving an ITA??
my gift deed for 90% pof is from my sister. My application is progressing nicelySo a gift deed from sibling is accepted? Do you personally know anyone who got successful with a gift from sibling?
U need to show just 1 week statement of dad which will reflect ur dad's transaction to ur account.Hi I have similar question
I will be taking money from my father in the form of gift deed
Do I need to attach his bank statement as well? If yes
Then for 1 month or 3 months?
1 week statement of ur account which will reflect gift deed receipt and formation of Fixed Deposit